Friday, December 6, 2019Canada's Leading Online Business Magazine

Manufacturing Sales off 0.2% in February

Manufacturing Sales

CBJ — Manufacturing sales dropped 0.2% in February to $56.6 billion according to figures released by Statistics Canada.

The decline was led by a decline in motor vehicle assembly and wood products industries.

The move lower followed an increase 0.8% in January.

Sales were down in 15 of 21 industries, representing66% of the Canadian manufacturing sector in February.

The motor vehicle assembly industry fell 4.4% to $4.9 billion in February, due to fewer vehicles sold, while wood product sales dropped nearly 6% to $2.5 billion.

Excluding motor vehicle sales, manufacturing sales were up 0.2%.

@CanBizJournal

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